Rolls-Royce in £154m marine deal
Rolls-Royce has revealed that it is buying ODIM, a Norwegian technology group that engineers and produces automated handling solutions in the offshore oil and gas, naval and power generation markets. The Derby-based company is paying £154m for 67 per cent of ODIM’s shares. It bought the other 33 per cent in July 2009. John Paterson, president of Rolls-Royce Marine, said: “This is an attractive proposition. ODIM ASA is rich in technology with a unique subsea and deepwater capability that complements our own activities. Integrating ODIM ASA’s innovative technology and highly skilled people into our business will enable us to optimise our offering and provide our global customer base with a wider range of products and services in this important market segment.” A spokesperson for Rolls-Royce told Insider he could not comment on what affect the takeover would have on marine operations in Derby.
